When you choose the Smart Savings option, our algorithm analyzes your checking account daily, taking into account your spending, income (including expected paychecks), how your account balance changes during the month, and factors in upcoming bills to determine how much you can safely save.
You can expect to save $25–$100 per week, usually spread across 2–3 transactions ranging from $5–$30 each. If the algorithm determines that you have sufficient funds on hand to save, Albert will transfer funds from your connected checking account to your Savings account.
Since transfers may take up to 2–3 business days to complete, we do our best to not initiate a transfer if there is a risk of your balance decreasing significantly before the transfer hits your account.
